Quiz – Bell Company Tax Refund Receivable from NOL carryback

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

Given four years worth of income(loss) data along with tax rates for each year, determine the income tax refund receivable due to the NOL carryback.

Quiz – Chan Inc. Deferred Tax Asset and Deferred Tax Liability

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

Determine the amount(s) the company should report related to deferred income taxes in its balance sheet. Chan Inc. pays taxes in Columbia and also in the U.S: Impairments relate to the Columbian tax return but Depreciation rules apply to the U.S. tax return.

Quiz – Fieval Industries Deferred Tax Asset or Deferred Tax Liability

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

Determine the amount of the deferred income taxes that the company should report in its balance sheet.

Quiz – Kent Corp. Current Portion of Income Tax Expense, deferred tax liability, Income Tax Expense

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

This solver solves all three problems, but you will most likely only be asked for one of the green outputs.

Given Pretax accounting income, permanent and temporary differences, and the cumulative future taxable amounts from depreciation temporary differences, determine the current portion of income tax, the deferred tax liability for the newer year, and the income tax expense for the newer year.

Quiz – Madison Company Claims Tax Credit

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

Given a tax credit, potential tax benefits, and their corresponding likelihood of occurrence, determine the income tax expense for the year.

Quiz – Peridot Current Income Tax Payable, NOL carryback is NOT allowed

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

Given that the NOL carryback is NOT allowed, compute the current income tax payable for the company.